Those who take large loans for long tenures are the ones most at risk As fresh loan disbursements by non-banking financial companies (NBFCs) have slowed down in many segments, they have been lending aggressively against gold in recent months Gold loan is the quickest and easiest to avail.
A customer can get it within half an hour if he has the gold and Know Your Customer (KYC) documents ready Typically, NBFCs offer higher rates but also longer tenures, and they are more flexible than banks They are popular as they come with flexible repayment options, which ...
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